T. Rowe Price Investment Management Inc. Lowers Stock Position in BellRing Brands Inc. $BRBR

T. Rowe Price Investment Management Inc. trimmed its holdings in BellRing Brands Inc. (NYSE:BRBR) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,362,516 shares of the company’s stock after selling 87,806 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 1.84% of BellRing Brands worth $175,913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mariner LLC increased its stake in BellRing Brands by 15.0% in the fourth quarter. Mariner LLC now owns 12,589 shares of the company’s stock valued at $948,000 after purchasing an additional 1,643 shares during the period. First Trust Advisors LP grew its holdings in shares of BellRing Brands by 27.4% during the fourth quarter. First Trust Advisors LP now owns 219,610 shares of the company’s stock worth $16,545,000 after buying an additional 47,199 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of BellRing Brands by 9.0% during the fourth quarter. MetLife Investment Management LLC now owns 72,844 shares of the company’s stock worth $5,488,000 after buying an additional 6,028 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in BellRing Brands by 83.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,577 shares of the company’s stock valued at $119,000 after acquiring an additional 719 shares during the period. Finally, OneDigital Investment Advisors LLC purchased a new stake in BellRing Brands during the 4th quarter valued at approximately $218,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

NYSE BRBR opened at $40.6590 on Thursday. The company’s 50 day moving average price is $53.11 and its 200 day moving average price is $64.42. BellRing Brands Inc. has a one year low of $34.02 and a one year high of $80.67. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.00 and a beta of 0.72.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.06. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The company had revenue of $547.50 million during the quarter, compared to the consensus estimate of $530.76 million. During the same quarter last year, the company earned $0.54 earnings per share. BellRing Brands’s revenue for the quarter was up 6.2% on a year-over-year basis. BellRing Brands has set its FY 2025 guidance at EPS. Sell-side analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BRBR has been the topic of several analyst reports. Stephens upgraded BellRing Brands from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $68.00 to $50.00 in a research note on Wednesday, August 6th. Jefferies Financial Group lifted their price objective on shares of BellRing Brands from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. DA Davidson raised shares of BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, May 27th. Morgan Stanley dropped their price target on shares of BellRing Brands from $78.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 6th. Finally, UBS Group lowered their price objective on BellRing Brands from $63.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.80.

Insider Activity

In other BellRing Brands news, insider Craig L. Rosenthal acquired 2,600 shares of the stock in a transaction on Wednesday, August 6th. The stock was purchased at an average price of $37.29 per share, for a total transaction of $96,954.00. Following the purchase, the insider directly owned 33,475 shares in the company, valued at $1,248,282.75. This trade represents a 8.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Darcy Horn Davenport sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $54.18, for a total value of $86,688.00. Following the completion of the transaction, the chief executive officer directly owned 193,978 shares in the company, valued at approximately $10,509,728.04. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 6,616 shares of company stock worth $65,995,248 and sold 14,400 shares worth $836,224. Insiders own 1.07% of the company’s stock.

BellRing Brands Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.